EnLink Midstream (NYSE:ENLC) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of EnLink Midstream (NYSE:ENLC) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the pipeline company’s stock.

A number of other analysts have also issued reports on the company. US Capital Advisors lowered EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $15.00 target price on shares of EnLink Midstream in a research report on Thursday, November 21st. Mizuho reissued a “neutral” rating and set a $15.00 price target on shares of EnLink Midstream in a research report on Thursday, October 31st. Finally, Raymond James cut shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EnLink Midstream presently has a consensus rating of “Hold” and a consensus target price of $15.40.

EnLink Midstream Price Performance

ENLC opened at $14.56 on Friday. EnLink Midstream has a twelve month low of $11.55 and a twelve month high of $16.40. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. The company has a fifty day simple moving average of $14.52 and a 200 day simple moving average of $14.48.

Institutional Trading of EnLink Midstream

A number of institutional investors and hedge funds have recently modified their holdings of the business. Venturi Wealth Management LLC bought a new stake in shares of EnLink Midstream during the 4th quarter valued at about $55,000. Farther Finance Advisors LLC boosted its stake in EnLink Midstream by 20,947.6% in the fourth quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock valued at $63,000 after acquiring an additional 4,399 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in EnLink Midstream in the third quarter valued at approximately $98,000. Icon Wealth Advisors LLC bought a new position in shares of EnLink Midstream during the third quarter valued at approximately $107,000. Finally, SG Americas Securities LLC acquired a new stake in shares of EnLink Midstream during the 4th quarter worth approximately $114,000. 45.87% of the stock is owned by institutional investors and hedge funds.

EnLink Midstream Company Profile

EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services.